article thumbnail

China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325
article thumbnail

IHS CERA meta-analysis finds lifecycle GHG emissions for fuel produced solely from oil sands crude average 11% higher than from average crude refined in the US; high variability

Green Car Congress

Average values for WTW GHG emissions for oil sands and other crudes, tight boundary. When the oil sands products refined in the United States are considered—a mixture of oil sands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US.

Oil-Sands 388
article thumbnail

WRI: global oil consumption hits all-time high

Green Car Congress

between 2008 and 2009 due to the global financial crisis, global oil consumption recovered by 3.1% About one third of this growth came from China, which now uses more than 10% of the world’s oil. of total oil consumption in 2010. of total oil consumption in 2010. After falling 1.5% in 2010 to reach an all-time high of 87.4

Oil 287
article thumbnail

Neste Jacobs and Global Oil Shale sign oil shale development and engineering strategic agreement

Green Car Congress

GOS is exclusively focused on large-scale mining and processing of the world’s kerogen rich oil shale deposits to oil, with potential for add-on electricity production and associated minerals extraction. Lifecycle GHG for oil shale. Initial oil shale projects for the collaboration include GOS’ 2.18 Earlier post.).

Oil 218
article thumbnail

ExxonMobil Outlook projects hybrids and advanced vehicles to account for nearly 50% of cars globally by 2040; fuel demand for for personal vehicles to peak and decline, while commercial transportation demand rises 70%

Green Car Congress

Growth is led by developing regions such as China, India, Africa and other emerging economies. Demand for oil and other liquid fuels will rise by nearly 30%, and most of that increase will be linked to transportation. This edition of the annual Outlook marks the first extension of the long-term energy forecast to 2040.

Personal 408
article thumbnail

USGS new estimates of global undiscovered, technically recoverable conventional oil and natural gas, excluding US

Green Car Congress

USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. These new estimates are for conventional oil and gas resources only. Geological Survey (USGS) released today. The US imported approximately 11.4

Oil 218
article thumbnail

Ford to offer new 5-cylinder 3.2L diesel in Transit van in North America next year

Green Car Congress

Additionally, the engine features cast-aluminum, low-friction coated pistons with piston-cooling jets, which squirt oil on the underside of the pistons to keep the piston crowns cool under extreme operating conditions. liter is manufactured in Ford’s Struandale Engine Plant in Port Elizabeth, South Africa. The Power Stroke 3.2-liter